NY ABLE Program Helps New Yorkers With Disabilities and Their Families Cover Costs

"New York state has a new savings plan, called the New York Achieving a Better Life Experience (NY ABLE) program, designed to help individuals with disabilities maintain their health, independence and quality of life. New York State Comptroller Thomas P. DiNapoli, Assemblywoman Aileen M. Gunther and parents and advocates discussed the program today at a press conference in Albany.

"This program offers families and individuals with disabilities some peace of mind as they plan for the future," DiNapoli said. "Ensuring a loved one’s financial security and long-term care can put a financial strain on families. The NY ABLE program provides families and individuals with a secure and practical way to save and invest funds without jeopardizing their eligibility for many important disability-related benefits."

The NY ABLE legislation was signed into law in December 2015. The bill authorized the Office of the State Comptroller to administer NY ABLE. DiNapoli’s office also oversees New York’s 529 College Savings Program. The legislation was sponsored by Senator David Carlucci (D-Rockland/Westchester) and Assemblywoman Gunther (D, I, WF-Forestburgh)..."

Continue reading